The decline follows reports that Australian data center operator AirTrunk is delaying its own real estate investment trust IPO. Market participants are monitoring the sector, which includes "neocloud" providers, with Nscale next in line for a potential public listing.
Tuesday, October 20, 2026
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Elice Plunges 32% in Korea's Biggest IPO of the Year
Tech1 day ago
Shares of a prominent South Korean data center operator fell during its debut on the Kosdaq on Oct. 20. Elice, whose listing was the largest IPO in Korea this year, saw its stock price slide as much as 32% despite the offering being oversubscribed 400 times.
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